With the presence of technological progress, for this economy, we know that the level of output per worker will:
A) increase over time.
B) increase or decrease, depending on the rate of saving.
C) decrease as a result of decreasing returns to scale.
D) increase or decrease, depending on the rate of depreciation.
E) remain constant.

Question

Quizplus · Accepted Answer

Technological progress leads to growth in productivity which leads to increased output per worker.

With the Presence of Technological Progress, for This Economy, We